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Mortgage Market Update
Hardeep Rai
Hardeep Rai
Wednesday, August 19, 2026
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Should you refinance your mortgage? |
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Hi there. Sometimes a conversation about your current loan can open up new possibilities you hadn't considered.
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National Mortgage Rates · August 13, 2026
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Refinancing Basics
When does refinancing actually make sense?
A lot of homeowners ask me whether they should refinance, and the answer depends on your situation. The main idea is simple: if you can get a loan with better terms than what you have now, it might be worth the cost to switch. That could mean a lower rate, a shorter loan term, or getting out of an adjustable rate before it resets. But refinancing isn't free—there are closing costs involved—so you want to make sure the benefit outweighs what you'll pay upfront. The best move is to run the numbers for your specific loan and timeline. I'd be happy to walk you through what refinancing could look like for you and whether it makes sense right now. Reach out if you'd like to explore whether refinancing could work in your favor.
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Tip of the Week
Inspect your attic insulation. Proper insulation reduces heating and cooling costs and can prevent ice dams on your roof.
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Tips for Homeowners
Fall Home Prep: Heating, Safety & Systems
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1.
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Have your heating system serviced before it's needed. A furnace failure in winter is an emergency — routine maintenance costs far less than emergency repairs.
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2.
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Test smoke detectors and carbon monoxide detectors and replace batteries. Carbon monoxide poisoning risk rises when heating systems run more frequently.
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3.
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Drain and shut off exterior faucets and sprinkler systems before the first freeze to prevent burst pipes — one of the most expensive and disruptive homeowner emergencies.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Hardeep Rai team any time and we'll walk you through your options. |
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